Discontinuing talks with MTN will not prove to be a long term setback for RCOM
It has the makings of a typical ‘Hindi Masala’ film, where boy (Reliance Communication or RCOM) meets girl (MTN) and they fall in love. Before exchanging the marriage vows the two enter in an exclusive ‘courtship’ period to plan their life ahead but then there’s a twist in the tale. Enter the villain – Mukesh Ambani, who claims that he has the right to veto and hence starts the arbitrage process, which ultimately leads to the state where both lovers decided to part on a good note. If talks would have been successful, it would have created an emerging market powerhouse worth up to $70 billion with a subscriber base of 120 million (as on June 30, 2008) spread across the globe, far larger than most Western mobile phone businesses.
After talks with RCOM ended, the grapevine had it that there could be a possibility of a return to Bharti-Airtel. Dobek Pater, Partner at Africa Analysis did not deny this as a possibility in times to come and added, “MTN has established a reputation of being too demanding in the past few month and in case it is bullish about entering India, which is a highly lucrative emerging market, it should drop some items from its wish list.”
It has the makings of a typical ‘Hindi Masala’ film, where boy (Reliance Communication or RCOM) meets girl (MTN) and they fall in love. Before exchanging the marriage vows the two enter in an exclusive ‘courtship’ period to plan their life ahead but then there’s a twist in the tale. Enter the villain – Mukesh Ambani, who claims that he has the right to veto and hence starts the arbitrage process, which ultimately leads to the state where both lovers decided to part on a good note. If talks would have been successful, it would have created an emerging market powerhouse worth up to $70 billion with a subscriber base of 120 million (as on June 30, 2008) spread across the globe, far larger than most Western mobile phone businesses.
After talks with RCOM ended, the grapevine had it that there could be a possibility of a return to Bharti-Airtel. Dobek Pater, Partner at Africa Analysis did not deny this as a possibility in times to come and added, “MTN has established a reputation of being too demanding in the past few month and in case it is bullish about entering India, which is a highly lucrative emerging market, it should drop some items from its wish list.”
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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